EazyStock

FEBRUARY 1, 2021

Better Inventory Management for eCommerce. The growth of eCommerce in 2020 was phenomenal as more customers, B2B and B2C alike, shopped online due to the COVID-19 pandemic. Forrester projects that B2B eCommerce transactions will reach $1.8 A critical area of focus should be your eCommerce inventory management processes.

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Ship Monk

SEPTEMBER 14, 2022

There are a lot of accounting terms thrown around when describing eCommerce inventory: merchandise inventory , WIP inventory , ending inventory , and beginning inventory to name just a few. By value , we mean how much that inventory cost to make or purchase, plus how much it’s costing you to store it.

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GoShip Blog

MAY 22, 2023

Are you looking to get started with cross-border shipping for your eCommerce business? This blog post will cover everything you need to know about cross-border eCommerce shipping. Read on to learn more about how to get started with cross-border shipping for your business. Choose the right cross-border eCommerce platform.

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Ship Monk

JANUARY 30, 2023

If you’ve read PART 1 of our Ultimate Ecommerce Merchant Guide then you are halfway through absorbing the best lessons any entrepreneur can learn from the previous peak season, and are primed with the right knowledge to restructure for a stronger 2023. Welcome to the ecommerce party! And if you haven’t read PART 1, no worries.

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Ship Monk

AUGUST 22, 2022

In our eCommerce fulfillment blog we sometimes highlight industry jargon that’s essential for every entrepreneur. Whether you do or you don’t, this blog can help finetune your understanding of what SKUs can be utilized for, how to use them to grow your business , and best practices for this crucial part of inventory management.

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Ship Monk

JANUARY 27, 2023

While “going with it” is an acceptable strategy for some areas of the holidays; it’s not a strong plan for ecommerce brands during peak season. Get Faster Shipping Options Peak season is when ecommerce brands of all sizes across all verticals feel the most pressure to deliver on the delivery front. Reduce Cart Abandonment 2.)

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EazyStock

FEBRUARY 11, 2021

Better Inventory Management for eCommerce. eCommerce is a rapidly growing phenomenon across the globe. Statista projects that eCommerce sales will surpass $740 billion in the US by 2023. B2B ecommerce sales have also accelerated; Forrester projects that 17% of all eCommerce sales in the US will be B2B by 2023.

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Conger

JULY 22, 2021

This is the complete guide to eCommerce warehouse management systems. In it, you’ll learn: What eCommerce is. What eCommerce warehouse management systems are. How to choose the right system for you. The 11 best eCommerce warehouse management systems. What is eCommerce? What is eCommerce?

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FW Logsitcs

MAY 13, 2024

But managing eCommerce shipping in-house can be a logistical nightmare for high-growth brands. Learn how mastering e-Commerce shipping can optimize efficiency and boost success. Why e-Commerce Shipping Matters for Business Growth In the competitive world of eCommerce, a seamless customer experience is no longer a luxury.

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Logistics Business Magazine

JANUARY 13, 2022

So, partnering with Honeywell, FarEye is holding a webinar entitled How to Navigate the New Logistics Landscape on 26th January at 3.00pm GMT with an expert panel who will bring you up to speed on transport and logistics in 2022. How data can be leveraged to improve delivery. In 2021, eCommerce transactions increased by 30%.

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Ship Monk

JULY 28, 2022

Any eCommerce business that manufactures goods has three different types of inventory at any given time: Raw Materials Inventory , Work in Process Inventory , and Finished Goods Inventory. This article will show you the difference between these types of inventory and how to calculate Work in Process inventory. to make the hats.

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Ship Monk

OCTOBER 10, 2023

That means consumers need to really do the research when making online purchase decisions, otherwise the risk for returns is strong. On the other side of that coin, ecommerce brand owners need to be just as careful when selecting their 3PL fulfillment service partners. with plenty of time to satisfy the deadlines associated with Q4.

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GoShip Blog

MAY 20, 2022

It’s impossible to imagine a profitable retail business without growing your eCommerce sales. eCommerce challenges. How to increase online sales? Analyze sales data and customer feedback to see what products generate active purchases. Buyers seek personalized service that’s appropriate to their needs and desires.

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Locus

JUNE 16, 2023

Say you purchase your coveted gadget online, eagerly tracking its journey from warehouse to your welcoming hands. Read also: How to Calculate the Cost of Transport 2. In 2021, a wide range of major product categories saw online purchase returns, with rates varying from 8% to 88%.

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GoShip Blog

AUGUST 2, 2022

In the fast-growing world of eCommerce, staying competitive becomes a real challenge. How to increase brand awareness? For example, simple demographic data will show you the most active age group and their activities or occupations. Thus, you can make your goods outstanding by increasing brand awareness. What is brand awareness?

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Ship Monk

DECEMBER 30, 2020

It’s no secret that shipping is one of the most important aspects of eCommerce. Read on to learn the what and how of sprucing up your shipping options. While shipping that is both free and fast is ideal, free shipping on its own is still a powerful purchase driver. . A brick-and-mortar sage and an eCommerce guru?

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GoShip Blog

APRIL 22, 2022

According to statistics, about 80% of customers prioritize personalized service when purchasing. How to implement demand forecasting in your supply chain? Forecasting operations typically aim to examine and evaluate customers’ purchasing patterns and habits. Collect the data. Analyze received data.

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Ship Monk

DECEMBER 15, 2023

Will the huge growth in ecommerce sales continue, or will the numbers fall back to “normal” pre-pandemic levels? Will consumers be reluctant to use credit cards for holiday purchases? For the first time, mobile purchases have overtaken desktop purchases. Were they discounted and by how much?

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Ship Monk

AUGUST 30, 2023

According to an ongoing study of 3,036 Shopify stores, the average conversion rate (visits that resulted in purchases) in 2022 was 1.3%. would put you in the middle 60% of ecommerce stores according to this benchmark. What is an Ecommerce Conversion Rate? But the most commonly used benchmark tracks purchases by visits.

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Ship Monk

DECEMBER 18, 2023

Going global is a goal for many ecommerce brands. And for many brands, one of the largest opportunities lies in figuring out how to sell beyond their current scope and becoming established in North America. ShipMonk was founded on the idea of making shipping affordable and efficient for ecommerce brands of all sizes.

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Ship Monk

APRIL 11, 2024

April is tax time, which makes this a good time to bring up the topic of ecommerce sales tax. ecommerce stores. That’s because ecommerce businesses need to do their taxes with every sale they make. ShipMonk is an ecommerce 3PL that partners with hundreds of ecommerce clients of all shapes and sizes. What is Nexus?

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Ship Monk

APRIL 20, 2023

As ecommerce brands grow and their products become more popular, one of the common paths to accelerated growth is having your products get picked up by a specialty store or big-box retailer. Maybe your ecommerce business is not at that stage yet. Can your 3PL handle B2B fulfillment or retail fulfillment? Should you care?

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Ship Monk

DECEMBER 4, 2023

As your ecommerce businesses powers through the peak shopping season, it’s easy to forget there’s one more peak to climb. And that’s the average, so if your online store sells clothing, shoes or accessories (the most commonly returned online purchases ) expect your return rate to be much higher than that. said nobody, ever.

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Ship Monk

DECEMBER 12, 2022

When ecommerce business owners look for ways to increase revenue, they tend to focus on marketing campaigns designed to reach new customers, or promotions that entice existing customers to order more often. You’ll need to experiment to see which ones work best for your ecommerce business. Offer free shipping with a minimum purchase.

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EazyStock

DECEMBER 13, 2021

A basic risk of stockout spreadsheet can be easily set up using the following data: Current stock items, items on order and in transit. Ensuring your Data is Accurate and Up-to-Date. Similarly, you may want to increase eCommerce prices across your digital channels to lower demand and avoid showing ‘out-of-stock’. Lead times.

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Ship Monk

MARCH 16, 2023

Any ecommerce business that ships orders directly to consumers (the actual end-users of the product) engages in the process of direct fulfillment. Recently Amazon introduced a new program called Amazon Direct Fulfillment, which is causing some confusion in the ecommerce world. So, read on! What is Direct Fulfillment?

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Ship Monk

JUNE 15, 2022

Understanding both layers of the logistics process can help eCommerce business owners optimize their supply chain, manage customer expectations, and make better decisions about ordering, budgeting, and shipping options. Learn more about ShipMonk’s eCommerce fulfillment services. Inbound Logistics. Outbound Logistics.

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Ship Monk

NOVEMBER 30, 2022

For some ecommerce business owners, sending their customers’ orders out the door feels a little like watching your 16-year-old drive off in the family car. But when it comes to ecommerce delivery, that’s not entirely true. Manage the Entire Post-Purchase Process. Fulfillment. Warehouse Management.

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Ship Monk

JANUARY 19, 2024

So, you want to start an ecommerce business. We’re happy to tell you that there are far more options than those two seemingly opposite paths to success (and many, many ecommerce businesses go both ways)! Take a seat as we explore the differences between ecommerce stores and ecommerce marketplaces, and list the pros and cons of each.

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Ship Monk

SEPTEMBER 6, 2023

This is one of the simplest ecommerce metrics to calculate. For example, if your omnichannel ecommerce business processed 5,000 orders last month for a total of $300,000, the average order value for the month was $60. If you sell clothes for example, offering free shipping for every item purchased doesn’t work for your bottom line.

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Ship Monk

DECEMBER 27, 2023

Most ecommerce businesses process far more than 1,000 orders per year. Ecommerce orders are filled by pickers, workers who move through the warehouse where the inventory is stocked and collect each of the items in the order. Identify problem areas by setting KPIs and collecting data. But consider this. What is a Mispick?

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Ship Monk

MAY 23, 2023

Things that customers and ecommerce merchants dislike equally: “Where’s my order?” Once your ecommerce brand has reached significant sales, and you can effectively analyze buyer behavior, it’s time to think about the best ways to disperse your inventory. Strategically located fulfillment centers. 2PL vs. 3PL Warehouses store things.

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Logistics Business Magazine

MARCH 22, 2024

Online to inflight, ecommerce is transforming international express courier services, writes Matthew Ware, CEO at CFL , Chairman at Aviation Services UK. It is widely believed that Sting’s “Ten Summoner’s Tales” was, in 1979, the first ever item purchased online – marking the birth of ecommerce.

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Ship Monk

NOVEMBER 30, 2023

When you’re driving a car down the road, you have to keep your eye on a few things: how much gas is in the tank, how fast you’re going, whe-ther or not you left the blinker on, to name a few. Now if only you had a dashboard to keep your ecommerce business running. Well, guess what? So, what’s on your dashboard?

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247 Customs Broker

DECEMBER 21, 2018

“Delivery Right into the Fridge” The next steps in food delivery take “delivery” to a whole new level, Walmart’s ecommerce chief tells CNBC. “How about just being able to keep you in stock on everything you need and not even have to think about it? That’s the future,” he told Cramer.

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247 Customs Broker

NOVEMBER 30, 2018

percent of retail chains offer in-store returns of merchandise purchased online. How to Prepare for Increasing Supply Chain Demands Throughout 2018. According to Sender Shamiss of Forbes , processing returns remains one of the highest costs for such retailers, so aligning data and systems is key to keeping costs in check.

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Logistics Viewpoints

NOVEMBER 18, 2021

Expectations for short delivery times, 100% fulfillment accuracy, and large product selection and availability have become a key deciding factor on which customers make their purchase decisions. Here’s how to approach it: Start with well-understood processes. Getting going with AI without stumbling can be challenging.

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